Developers need to know what buyers require

City Valuers & Consultants Sdn Bhd managing director P B Nehru

CITY Valuers and Consultants Sdn Bhd managing director PB Nehru (pic) says developers know “property prices will trend lower” if buyers are unable to finance their purchases.

“This can have negative consequences in their earlier as well as future phases. So it is better to help buyers by providing guaranteed finance and ‘tie up’ the purchasers than to carry expensive unsold stock.